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so as i'm doing this i'm going to go ahead and close out. i want to thank you for joining us today. it's been a real joy bringing you this program. so keep painting, stay inspired, and i hope to see you real soon on another yarnell school of fine art. >> hello and welcome to the "journal" here on dw. >> here's what's coming up in the next half-hour -- political deadlock in italy. what's next after an election that produces no clear winner? >> a trip down memory lane for the new u.s. secretary of state on a visit to germany. >> and a step closer to bundesliga. berlin get an important win. and that italy faces political deadlock after the country's national elections produced no clear winner. no single party was able to secure a majority in both houses of parliament. >> the center-left candidate is claiming a narrow victory, but it is not enough for him to build a government. >> former prime minister silvio berlusconi came in a close second. coalition talks are under way, but many italians are unsure they will produce a stable government. >> italian voters have elected new representa
us. international leaders are gathering in bavaria for the annual munich security conference. the german defense minister opened the conference by focusing on the current conflicts in syria and moly -- mali and emphasizing the importance of ongoing cooperation between europe and the united states. them in the united nations has been gridlocked over syria for months, and often, these occasions provide a more informal opportunity for an exchange of ideas. one of the most prominent speakers will be vice president joe biden of the u.s., and he stopped off in berlin on the way to the meeting. >> the u.s. vice-president peter were when visit to the german capital and his first to the german chancellery. he held an equally brief press conference after talks with chancellor merkel, giving high praise for trans-atlantic relations. the two reportedly discussed conflicts in syria and moly -- mali but made no public statements on the matter. his next stop is munich for an annual security conference, a meeting of high-ranking international policy makers, and mali and syria will be at the
. >>> fueled by a weaker yen and strong sales of cameras in the u.s. >>> and shares in virgin media rally after an offer for a takeover that could value the uk cable operator at $20 billion. >> all right. welcome to tuesday. >> it's get together tuesday. coordinated, as well. >> the final print for the eurozone is finally come in, 48.6, a little better than the forecast of 48.2. >> may i just say, though, the employment index, look at that, 46.1, which is just barely better than the flash estimate but still the lowest since december 2009. on a downward trajectory. it's not germany where the final composite was 54.4. it's the periphery still. france's final january pmi falls to 46.1. >> france is where the concern is. we have francois hollande today speaking to the eu parliament. he's going to lay out his vision for the eu against that economic back drop. >> isn't it amazing? we come into the week yesterday with everyone still talking. you have that great barons cover, you come in, just get the risk trade massively off. and the question for today and the rest of the week is frankly whether that'
memory lane for the new u.s. secretary of state on a visit to germany. >> and a step closer to bundesliga. berlin get an important win. and that italy faces political deadlock after the country's national elections produced no clear winner. no single party was able to secure a majority in both houses of parliament. >> the center-left candidate is claiming a narrow victory, but it is not enough for him to build a government. >> former prime minister silvio berlusconi came in a close second. coalition talks are under way, but many italians are unsure they will produce a stable government. >> italian voters have elected new representatives, but where does that leave the country? newspaper headlines are skating. one reads -- the only winner is ungovernability. there's already talk of free elections. >> i do not know what to say. i think we voters are being taken for a ride. >> i have no idea what will happen now. they will reach some kind of decision. everything is in the hands of four or five people again. they just do what they want. >> italy's political landscape is in turmoil. the central
be little threat to human health. our correspondent, joining us from our parliamentary to you. we have politicians across is that going to be enough to clear this up? th>> these tests should certainy go some way in making consumers feel more confident about the meat products they are buying throughout the european union. ironically, two weeks ago, the british food safety association started testing for chemicals in horse meat sparked by this mixup of beef and horse meat scandal and promptly found traces of chemicals, including those mentioned in the report, which was typically used in resources. this unearthed a completely different scandal, and at the same time showed that the effectiveness of tests is rather limited because that the tested positive and was then exported to france where it might have entered the human food chain. the city will make testing faster but also said that limits were increasingly seeing that it might be a case of europe-wide fraud, so it might soon not be a question of food safety but on how to tackle criminality. >> the question does remain -- how could it
westgate is away but we'll do our best without him. we have michael brown to help us through things. coming up on the program, we'll head out to hong kong where china is requiring a reinstruct during of the economy. >>> after that, of course, the super bowl wasn't just one of the on biggest sporting events of the year, it was one of the biggest days of the year for madison avenue. we'll take a look at which ads were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's
are relieved that oscar has been granted bail, this is still a very sad time for the family of reeva and for us all. we are grateful that the magistrate recognized the validity and the strength of our application. as the family, we are convinced that oscars version of what happened on that terrible night will be proved to be true. >> the prosecution says pistorius is a flight risk. he is looking at the possibility of years behind bars. that was not enough to keep him behind bars. pistorius left the courthouse in the jeep. he had to hand over his passport and collection of guns to the police. the trial is set to start on june 4. >> let's go live to pretoria, south africa and up to a reporter who was in the courtroom as the decision was read out today. we've heard the audio. can you describe what you saw? >> [no audio] the granting of bail [inaudible] someone expected, but oscar pistorius [inaudible] when the actual reading came down, pistorius himself was largely impassive. it was really his family members who started celebrating the ruling. we were expecting something from him. perhaps he just
, this was very important for us to stay in positive risk environment. >> hans, we're seeing the response to the upside now. second highs, 1.32. are you sticking by your thoughts that it is still heading towards 1.30? >> we have to make it clear that in the next quarter or two the euro has upside potential and not downside potential. then the longer prospect for the euro is still very swb very negative. why is this euro overshoot taking place? it has a lot to do with the increasing negative correlation with the yen. so the euro is the anti-yen. that implies that when we were seeing the yen coming under selling pressure, japanese investors, where are they currently investing? investors are investing in fixed income. in many cases, very little yields left so that actually means the peripheral of europe sticks out. you need to have some preconditions. the most important, the yen has to stay weak, but secondly we should not run into any politically motivated problem with the euro. that would be a killer for that type of trade. >> and on that note, the european commission today is due to relea
of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> that doesn't mean there aren't other things, too the. >> that's true, in other parts of the world. >> china is ushering in the year of the snake. i'm not sure what that means, but we'll talk about it. should investors brace for a slippery return? i have to say, previous years of the snakes haven't been that great since the big historical events happen. >> maybe we should call it year of the strong. >>> peugeot reveals massive write-downs as reports suggest the company may nationalize. we'll have details live tr paris at 10:10 cet. sxwt latest on the blizzard threatening to bring chaos to the east coast. we'll have the latest from atlanta. >> and are investments as pretty as a picture or a still life? ross, there's been a couple of big auctions here lately and it's always a good gauge of how well people are doing, how hard assets, real pr
is cleared for takeoff. reports say the boards at amr and us airways sign off on their $11 billion deal to create the world's biggest airline. >> announcer: you're watching "worldwide exchange," bringing you business news from around the world. >> all right. you're wearing an appropriate valentine's day shirt. >> i am. i tried. there's a little bit of pink if we look at your tie very closely. if you want to know what's happening in the markets today, hold on, ubs, the valentine's day gdp's massacre. >> yes. >> because if you look at when it's japan shrinking at an annualized rate, germany coming in on quarter on quarter, france coming in -- well, we know they had a recession earlier in the year, as well. minus 0.9% on the quarter been minus 2.7 on the year. >> oh, that's brutal. >> it's the sixth consecutive contraction and that match tess recession of 1992 to 1993. the minus 0.9, it was forecast at minus 0.6 is the slash gdp. >> and italy has been down 2.7% on the year, but this is something in the range of almost a 4% annualized drop until the year from a year earlier. >> the massacre
in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contraction in the fourth quarter. although this will probably add to the sense that the german economy bottomed during that period. >> did i see any -- i haven't seen any, no. i think that's out a little later. plenty to get through on today's program. >> it's good to be back, by the way. >> biggest take away from the mobile world congress? what's the one thing you saw that you thought, oh, that is really cool. >> i go to a conference like this and i think, machine res taking over the world. >> that's the thing we talk about. i don't like those machine peps. >> exactly. so 50 billion connected-m devic. that's a figure thatjs -- some y the point is, it isn't just about you and i talking to each other on a mobile phone. we are well bey
of 87 of 75 against the euro, as well. darren maher joins us. there's been quite a big move already in sterling before this announcement, one wonders actually whether the ratings downgrade, now it's on a stable outlook, is perhaps the end of the weakness in sterling. >> i suspect not, to be honest. we can talk about it being a move and certainly over the last couple of years, there has been a big shift in cable. frankly, this has been a relatively small move. we can't say as of yet it's overshoot. i don't think the market will take great solace that we're now in a stable outlook from moody's because i think everybody recognizes the uk is still fragile and the growth position is more fragile, so i think more down side is possible. >> but what is in the price, darren? >> i think from this point forward is how much slippage do we get. i would say it's more what's in the price and what's in the price for sterling is the market has given the uk a lot of good will that it will be able to mix this wonderful growth of austerity. i think what the market is now doing is reappraising that. tha
have come back to the market. can you tell us a little bit more about the structural economic reforms. particularly repairing the banking system, which i feel is the exemption of growth. >> yes, two years ago when the administration was elected, it actually lasted 250,000 jobs for the two years prior to that. reputation is in shreds around the world. our banks are dysfunctional. there is a complete sense of hopelessness and despair and disillusionment. now, gordon was elected with a very keen mind. we have a strategy and a plan that works. the banks are being recapitalize and restructured and have been back in the market as this program began in 2013. there are double-digit figures and our people have had to take really serious challenges. his government made really serious decisions or if it is an example of the government works and understands the patience of people, putting up with these changes in the greater picture of things. now, we expect to do better. but we cannot do without the collaboration of the committee of the colleagues in order to do that in 2013, and example of the
shut for the chinese new year and large parts of the u.s. struggling with extreme weather. >> digging out from nemo, residents and u.s. businesses hope to resume to normal business after mother nature dumped nearly three feet of snow in some areas. >>> and ben affleck's iran hostage drama "argo" picks up the best film accolade. daniel day-lewis wins best actor. >>> we're up for another week. we might do what they did and share the love around. >> i read the reports. we're going to talk about it later. there was no one dominant film. >> i thought it was interesting that "argo" won best picture? it was a great movie, but best movie? really? is that the -- >> "lincoln" only got -- sometimes they're quite clued up. the nominations were very similar. do you think lincoln would do better than it did. >> daniel day-lewis picked up an award. help recap for those of us who didn't catch the whole thing or any of it, frankly, but yeah, britain's big film night. now it's time for the u.s. in a couple of weeks. >> besides that, plenty of other things we're looking at today. another day, another su
. >> it is because television. >> hold it eleanor. >> the spectacle has lost a lot of the drama and dignity it used to have. he walks down that aisle and gets slaps and high fives. they should have had beyonce doing her number midway through it. >> every other president has walked down that aisle and i don't recall you complaining about it. >> it has lost dignity. >> ike and fdr didn't look like that. >> it is an american tradition and the fact the numbers were down is partly because people don't watch television like they used to. >> eleanor, how were obama's kneels son ratings -- neilsen ratings, the second lowest since they began taking measurement in 1993. the lowest since 2000 when bill you clinton's last drew an audience of 931.5 million. >> i think neilsen should start rating some of the social media sites and look at the exchanges between people who watched it. the american people who watched that and pick up portions that have, here our president is addressing concerns in their lives. i agree the big topics like the eu trade pac that is very important. but i don't think people in the count
's will close its structured capital markets business and focus on investing in britain, u.s. and africa. they also posted earnings for 2012, down 6 million pounds versus 5 million last year due to a reduction in the value of the bank's debt along with situation payments for the selling of financial products. barclay's rate dividend to 6.5 shares for 2013 is off to a fairly roam start. joining us first is oliver ralph, financial times lex writer. oliver, thank you so much, indeed, for joining us. what do you make for what you've heard from anthony jenkins this morning? they're obviously trying to say it's going to take time, we're trying to restore our reputation. is it the right thing? >> yeah, it is the right thing. they've launched the business. the core of the bank remains the same. london investment bank and new york investment bank. the core of the bank remains the same. they're making changes around the area and the core of it is as it was. >> talk about the investment bank in particular. this has been the place where not just barclay's, but a lot of the competitors, too, try and
from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily least, there's the civil revolution leader and former public prosecutor antonio ingrola. >> only in italian politics.
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
. there has been turmoil on the streets since the killing of secular leader chokri belaid. police used tear gas on protesters when they came close to the ministry. protesters say the ruling party is behind the assassination of the political leader, gunned down outside his home on wednesday. a senior official said it had not consulted with his party. before the opposition, it was not enough. a spokesman from the popular front party said the government had to go. >> everybody agrees the government has failed. it no longer has a role to play. we demand its resignation and the creation of a new government that will guide the country through a transitional period. >> friday will see belaid's funeral as well as a general strike called by the country's main trade union. >> what can be done to ease the tensions in tunisia? for more, let's go to our correspondent in tunis. first off, no signs of compromise right now. what happens? >> they have been meeting today, and we are still waiting for a declaration from them. in the meantime, i am at the presidential palace where the spokesman for the preside
hard work for us before we get lucky again. i see that every day in traininging. it's not as if anybody is moping about. that's why i remain extremely optimistic. >> the drop in form is puzzling. they won just two of their last ten league matches and have fallen to eight points. that was up to after their best season start in 41 years. >> we have to admit we're in a difficult phase. but believe me, the past has shown us that we can climb back out of it, too. >> otherwise, they could face even more criticism. he took over just before christmas. but there's no sign of improvement yet. six first choice players are injured among them. and now they have to face munich. >> we're not traveling there to simply accept defeat. we're going to munich to survive this test. >> they would be well advised not to count on him alone. shots like this don't go in every week. >> the top flight of the league took a break on friday after wednesday's international matches but there was plenty of action in the second division where the visitors nearly came away with a shock win. a penalty for alen which enrique
of the fact that was used to talk about the king is the fact that he was preventing people from coming to the country and being able to migrate here kyl and then if we look at the statue of liberty to give me your tired in your poor what i don't want people to take away from this hearing is all of a sudden we forgot about the tide of the poor and the people that are striving for a better life, so those are probably my biggest concerns when we what that he the president we sat and we have economic problems and we are getting out of them like we always do we and we will always prospered because we are resilient. but the question becomes what about the moral ground that we would see if we just said we are going to get about 11 million people and we are only going to focus on skilled workers we are not going to take care of this house and equal protection do you worry about that? >> i do. the fifth thing is our country is in a mess. we have a brain drain but not for the first time in history. it's never happened before. america has been a land. it is happening right now. if we wait to fix
also have to use the other policy tools in the european social fund. we need to invest to create jobs in europe. and reallocate some social funds to young people. growth and jobs are the guarantee for young people in europe. we need to work together to underscore the legitimacy of the european national parliament. we are deciding together on these issues. we need to cooperate with the national parliament and show what this group can do for the democracy. >> thank you, mr. president. president of the republic, france is a normal country in europe, but not an ordinary one. and in this time of uncertainty, europe is looking to france for two things. it needs to be exemplary at home, meeting the commitments it has made, working in a harmonious way in the european collective, and we are grateful that you up been trying to do that. there are some strange dissonances and europe is surprised to hear these. france is reducing its retirement age as europe gets older. everyone is trying to stop money being misused and promote growth to create new jobs and france is now punishing those people who
-hour -- >> in his state of the union address, u.s. president barack obama proposes fresh negotiations on a transatlantic free trade agreement. >> pope benedict celebrates his last public mass as pontiff inside st. peter's basilica in rome. >> and the movie "night train to lisbon" has its world premiere at the berlin film festival. president barack obama says the american economy has made important progress, but there is still a long way to go. he delivered the annual state of the union address in washington last night and urged americans to help jump-start the country's sluggish -- sluggish economy. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama focused clearly on domes
markets, as well. this is where we stand in the u.s. spanish yields higher, 5.31%. interestingly enough, we look ahead to mr. person unanimousky to give treasuries. gilt yield 2.018% is where we stand at the moment. giving support because of the risk off caused by those italian elections. euro/dollar, that's been down to 1.3039. that's the seven-week low, january 10th we hit that. dollar/yen, what a wild day yesterday for dollar/yep. we hit a 33-month high for dollar against the yen, 94.77. then we fell down to 90.85 at the moment. 91.94. aussie/dollar still weak. sterling/dollar, we're spinninged in at this low, 1.5166. selling has bounced back as you might expect against the euro. the italian election yesterday caused gold to spike up to around 1600. just below it at the moment at 1598. brent continues to weaken below 114 and nymex a little weaker at 92.32. that's where we stand in reaction to the after markets here to the italian elections. let's get more reaction on the asian markets with sixuan. >> thank you, ross. asian markets fell sd as the political stalemate in italy was felt
that are indispensable not just for the beneficiary countries, but for europe as a whole. with all of us would benefit in terms of growth. cultural is another common policy which enables us to boost agriculture industry which is precious to the european union. but which also must be respectful of the environment. and that's why world development will complement that. not offsetting these two policies against one another. that will be easy to do. we must keep the pedestal of european policies because otherwise how can we go from the? my second principle is that the budget, the financial framework which is to be proposed must continue the growth partner we adopted in june of this year. last year. now, that means that we must promote innovatioinnovatio n, infrastructure, new energy, new forms of energy because there will be no consistency is in june we were to set out a roadmap and then we're have a deflationary pack and the fall of the european financial framework. my third principle is that the budget must support the most vulnerable of europeans, those most exposed to the crisis, the poorest of the po
using putting more and more on the backs of individuals. we've heard story after story this morning where there is irrational use in the delivery system because of the fragmentation that we have and we have seen through the payment reform that we have done that setting the right payment incentives in place actually does help rationalize the system and start to net the fabric together between the primary care and specialty care and we actually have hospitals that start to understand what their place in the reform system is there a cost center not a revenue center and they have to actually become smaller over time for the system to become sustainable, so to me, you know, to focus our attention on the individuals in the public and beneficiaries and how we are right to change their benefits to make all of this work seems like a full of air and when the real problem is the way that we have structured the incentive on the delivery system side and fixing that we can get a long range towards addressing affordability and quality. >> we have time for a question or two from the audience. if yo
street or for the u.s. a main street brand. but they have this great digital fashion thing going on. it's a gimmicky partnership with google. you see these reports about google getting the lines between fashion and retail and tech are all blurring. >> they are, indeed. so on today's show, there's a -- here is another taster. in china, it's the first trading day market in the new year of the snake. so will it be new year old problems? up next from hong kong, we'll have the latest analysis. >> did you just slither? also, the final week of campaigning in italy ahead of the general elections. we will be live in milan throughout the morning for a roundup of the candidates policies and pit falls. julia will join us for that. >>> and hear state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&
. >> earlier, we talked to journalists -- a journalist who was in the courtroom. he told us how the case is being received. >> as it is internationally, we have the sitting cabinet minister in court today appearing at the hearing. it has been one of the biggest media events south africa has seen. correspondents from every part of the world are here following the story. this comes at a time when south africa is involved in deep introspection in terms of violence against women. we are still reeling from shock at a particularly brutal rape case recently, so the debate around murder and rape of women is really at the forefront at the moment, and i think that is playing a big role in the general depiction of this case. >> tunisia's prime minister has resigned a day after his bid to set up a government of technocrats failed. it was opposed by other members of his governing party. then he announced his resignation after a meeting with the president. he had proposed the non-partisan government as a way out of the political crisis sparked by the opposition of a leading opposition figure. >> the g
, says keep every dollar cash on your balance sheet but use the free cash flow, paid out a dividend on the free cash flow, the stock would go up 50%. >> bill miller the past 24 hours, bethany mcclaine -- >> $200 -- >> marco rubio is out this morning on twitter saying the number of chargers is driving him crazy and moving closer to samsung. >> his response in the state of the union. >> i think time for a congressional investigation into the most successful company on earth. it's really time to -- house on american activities committee part two. >> briefly stated this idea that einhorn and bryce said he has brought up the company they considered and punted on is the idea of issuing, at no cost, a perpetual per pre-ferred to stock to exsig hold hearse pay you about a 4% yield. said another way, around 25 multiple, right, 4% yield, you can back in on an eight multiple stock. >> a blended multiple pullup? >> yielding 4%. >> maybe the part we are not paying enough greed dense to is the fact that he maintains his position, einhorn, owns more now than he says he ever has. >> didn't help his
for the poope. his decision to resign ahas received extreme action. joining us is our -- has received a mixed reaction. >> joining us is our conflict from -- our contact from rome. is there cause for concern? >> i think there is cause for some concern. that's why he promised in his last address to the cardinals -- he promised reverence and obedience. it's also why he is hiding away behind the walls of vatican city states and not returning to his beloved the very a in southern germany for his retirement -- beloved of area -- beloved bugbear yet -- beloved bavaria in southern germany. the new pope has to be charismatic, forceful, has to put his own stamp very quickly on the papacy. >> who will be in charge of the catholic church until the new pope is elected? >> the cardinal will take care of the daily running of the church. no major decision will be made until a new pope is elected. >> everybody is wanting to know when that will be. when do you think they will start sitting down to elect a new pope? >> i wish i knew. the pope has made it possible for the cardinals to meet earlier than planned.
collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's never- ending fight against tax evasion. the so-called financial police is seeking to recover an estimated 150 billion euros, and it is coming down hard on the country's culture of tax evasion. >> we are conducting stringent checks on luxury vehicles. if the income tax returns filed by
it is willing to negotiate peace deal under u.s. and russian guidance, but it said any talks will not include president assad. i asked our correspondent with the chances are that this meeting will produce anything. >> basically, the syrian opposition is trying to put its house in order. the head of the national coalition was offered a few days ago talks with people of the regime that do not have blood on their hands. it is not everyone in the opposition agreeing with the opposition, especially the islamists and muslim brotherhood. the big question would be also if this proposal will be accepted by the various militant groups in syria where the syrian opposition outside really does not have control. >> thank you very much. >> i just past two years, syria has become the middle east coast and most troubled and dangerous region. >> its government is shrinking if not falling apart. militias are rising in power, and the entire world is well aware that syria has chemical weapons and a strong alliance with iran. from lebanon to israel, from cairo to washington, worries are greater than ever that syri
just joined us from the city, and he is setting up. we welcome you, doug. dougie is all over the world. as such, he has lived quite a bit of time in japan himself. it's great to be with you tonight as well, doug. let's see. in terms of this whole notion of the book, by the way, a very modest title, banker to the world. when i heard of this, and i am a very close, personal friend of bill's, like everyone in this room is. and so when he was talking to me about this concept of what he wanted to write about to lessons of debt crises and all of this, i just knew that it was right in our sweet spot, what we needed to the will to do. so we were able to convince them. so no i'm not talking to you about this -- talking to you as his friend but his publisher. we had this decision. we were going to do this book, and we did. the ink was that even dry when henry kissinger came out and said, this is a must-read for anybody in any section at any level of the finance industry. no sooner did he do that than paul volcker came out and what to make a comment about how this is a must read. it is a must rea
by the european parliament. >> our brussels correspondent has been covering the summit for us. let's bring her in now. this is a real first, this cut. where will we see budget reductions being made? >> spending in areas such as infrastructure, energy, transport, but also scientific research will be reduced. also, eu officials will see pay slightly reduced, which means that a key demand by great britain's prime minister david cameron has been met. agriculture subsidies are also taking a slight head, but overall, they are still the biggest chunk of eu spending. >> some analysts already say this budget means less europe. what are you hearing at the summit? >> it became clear from the start that eu leaders to come here to these tough negotiations in brussels defending their own national interests, and, of course, the european parliament is not happy with the proposal on the table now. they are saying that the brunt of the cut is happening in areas that are future oriented. much disagreeing with what the european council president has said. they said we would be more spending in areas that could po
by colleagues is with me, doug peterson, who just joined us from citi, and he is heading up standard & poor's ratings, and we welcome you, doug. and doug has lived with citi all over the world and as such as lived quite a bit of time in japan itself. so it's great to be with you tonight as well, doug. let's see, in terms of this whole notion of the book, you know, by the way, it's a very modest title, banker to the world. [laughter] you know, when i heard of this -- and i'm a very close personal friend of bill's, like everybody in this room is, and so when testifies talking to me about this -- when he was talking to me about this concept of what he wanted to write about, lessons of debt cry cease and all of this, i just knew that it was right in our sweet spot in what we needed to be able to do. so we were able to convince him, and so now i'm not talking to you as his friend, i'm talking to you as his publisher. [laughter] and we had this decision, you know, we were going to do this book, and we kid. and we did. now, the ink wasn't even dry on this book when henry kissinger came out and sai
billion u.s., ten trillion yen, 2.2% of gdp. a lot of that would go to infrastructure, a lot to the north to the earthquake area, but, of course, we've seen 14 such packages since the late 1990s. and this one has to be different. and also he's pressing the bank of japan. last time i was here was to introduce governor shirakawa several years ago who i think is a very good governor of one of the major central banks in the world, pressing him to put in more monetary stimulus which i think is necessary. but i, one of the points that was made right in this room several years ago by governor shirakawa, and i've been with him three times in the last two months, is, you know, monetary and fiscal stimulus aren't enough n. the case of japan, you need major deregulation. i think major structural reforms, deregulation in the service area. so, hopefully, that'll all flow into the package of the new prime minister. certainly, a tough job -- it's a tough job, but this is the world's third largest economy, and if we don't get japan moving with some of the other problems with europe, etc., i think the wor
been bombed. >> experts have found a war crimes committed by both sides. they say the rebels are using child soldiers while government crew -- troops are guilty of more. >> now is time for the international criminal court to get involved. there needs to be a formal inquiry. there are no indictments to be made. >> investigators say the house a list of suspected war criminals but without a decision by the u.n. security council, they cannot bring them to justice. >> for more now we go to our european correspondent in brussels. we asked her if the eu is prepared to back the call for war crimes. >> the problem there is the u.n. security council would have to refer the case to the courts and the eu has failed in its attempts to get russia, a permanent member of the u.n. security council, to put pressure on their ally, syria. they say they welcome any attempts from any side to end the conflict and end the violence happening. they have always said that they were concerned about crimes committed against humanity and they have always stressed that they will do everything that they can to support
from you. so i want to thank you for joining us today. god bless you, stay inspired, keep painting, and i promise to see you right here real soon on another yarnell school of fine art. >> italian collections turning into a cliffhanger. >> angela merkel close to angola. >> at the oscars, ben aflac's i ran in conflict, "argo" takes home the prize for best picture. captioned by the national captioning institute --www.ncicap.org-- >> it looks like it will come down to the wire in italy where the latest election results appear to be pointing towards political gridlock. this poll is crucial as they are deciding who will lead them to the debt crisis. >> the votes are still being counted, but it looks like the central left is neck-and-neck with the central right, led by former leader burlesconi. the outcome could decide whether austerity is in or out. early predictions givingpier luigi bersani a clear lead in the lower house of caller meant. -- of parliament. as most likely partner is outgoing prime minister, mario monti, the architect of an austerity program popular with the international
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